Category: ICAI

Cabinet approves MoU between the Institute of Chartered Accountants of India and Certified Professional Accountants Afghanistan (CPA Afghanistan) The Union Cabinet chaired by the Prime Minister of India has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and …

Appellate Authority quashes misconduct order against two chartered accountants who were held guilty on the basis of sting operation by Aaj Tak News Channel as “Jugadu Mechanic Part-3” on black money conversion. Serious concerns was expressed over the casual and careless manner in which these matters were decided by …

CA held guilty of misconduct by not obtaining bank confirmation by exercising due diligence when fake statement was only a printed paper with no signatures or seal ABCAUS Case Law Citation: ABCAUS 2572 (2018) (10) AA Important Case Laws Cited/relied upon by the Appellant: Council of Institute of …

ICAI Code of Ethics for chartered accountants applicable from 1 April 2019. Professional accountant required to comply with five fundamental principles This ICAI Code of Ethics is applicable from 1 April, 2019. However, Where guidance contained in this Code relates to engagements commencing prior to that date, previous guidance …

Internal Auditor cannot undertake GST Audit of the same entity simultaneously- ICAI. Bar on internal auditor regarding tax audit also apply to GST Audit The ICAI had received the following query from the members and other stakeholders as to: Whether an internal auditor of an entity can also undertake GST Audit of …

ICAI Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms ICAI as a part of its commitment to strengthen the Practitioners has brought out a publication of E-Book on “Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms” for the Members of ICAI. The …

ICAI Guide on Taxation of Non-Residents updated as per Finance Act, 2018 ICAI has published the third edition (September 2018) of its guide for Taxation of Non-Residents which is revised as per law amended by the Finance Act, 2018. The guide highlights various provisions of the Income tax Act, …

ICAI invites suggestions/feedback on evaluation of examination Answer Books System ICAI has formed a Group to review the evaluation of examination answer book system. The group has invited Suggestion/ Feedback of the CA students on the evaluation of examination answer books system through the following link:- Click Here …

ICAI to allot online Firm Registration Number (FRN) within 24 hours for proprietorship firm of Chartered Accountants to promote the Ease of Business ICAI to allot Firm Registration Number (FRN) within 24 hours Professional Development Committee (PDC) of ICAI has announced that in order to promote the ‘Ease …